Earnings Per Share

A portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company.

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three and six months ended June 30, 2018 and 2017:



	Three Months ended June 30,					Six months ended June 30,
	2018			2017		2018			2017
BASIC
Net income (loss) attributable to common shareholders	$	(3,327	)	$	5,519	$	(19,284	)	$	45,916
Weighted-average number of common shares outstanding - basic	237,312,726			237,720,198		237,690,306			237,451,355

Net income (loss) attributable to common shareholders - per common share basic	$	(0.01	)	$	0.02	$	(0.08	)	$	0.19

DILUTED
Net income (loss) attributable to common shareholders - basic	$	(3,327	)	$	5,519	$	(19,284	)	$	45,916
Impact of assumed conversions	—			—		—			(19		)
Net income (loss) attributable to common shareholders	$	(3,327	)	$	5,519	$	(19,284	)	$	45,897

Weighted-average common shares outstanding - basic	237,312,726			237,720,198		237,690,306			237,451,355
Effect of dilutive securities:
Share options	—			86,653		—			111,252
OP Units	—			3,724,462		—			3,747,922
Weighted-average common shares outstanding - diluted	237,312,726			241,531,313		237,690,306			241,310,529

Net income (loss) attributable to common shareholders - per common share diluted	$	(0.01	)	$	0.02	$	(0.08	)	$	0.19

For per common share amounts, all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods.